Sweden: Pioneer ECAPS gets EIB financing to develop cutting-edge technologies for space and defence
The European Investment Bank (EIB) is lending Swedish aerospace company ECAPS AB €20 million to accelerate the development of high-performance rocket engines and propulsion capabilities. The financing will also support advances in dual-use technologies, which can be deployed for both civilian and defence purposes.
The support by the EIB is through its TechEU initiative and takes the form of venture debt, a type of loan designed for high-growth startups and scaleups that provides additional capital without diluting ownership. The goal is to bolster production of cutting-edge space technologies within the European Union and to enhance EU security.
The financing will contribute to ECAPS’s €47 million plan to scale its proprietary propellant and rocket engines, which are more efficient and cost-effective than traditional technologies. They also offer higher performance and safer handling compared to traditional hazardous solutions.
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Originally published on 10 Dec
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Tallinn’s story of a zero-waste Song and Dance Celebration has won the ITB Earth Award 2025 at the Green Destinations Top 100 Story Awards competition, one of the world’s largest tourism fairs held in Berlin. The award highlights Tallinn’s innovation and commitment to sustainability as a tourism destination.
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Originally published on 5 Mar
Stargate Hydrogen, an Estonian manufacturer of innovative electrolyser stacks and systems, announces the successful completion of its series A funding round, raising 11 million euros in equity investments from strategic customers and financial investors.
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Originally published on 4 Mar
For the fourth time, Työn Taitajat (Talents for the future programme in the city of Oulu) is organizing the World’s Biggest Virtual Company Visit in collaboration with companies promoting the circular economy in Oulu, along with the University of Oulu, Oulu University of Applied Sciences, and Educational consortium OSAO. The event is also supported by the Oulu Circular Economy Cluster, Oulu Innovation Alliance, International House Oulu, and Taikasatukulma.
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Originally published on 4 Mar
Until March 16, the Riga City Municipality is accepting applications for the Riga Startup Accelerator and Incubator Support Programme. The programme aims to foster the growth of the startup sector in Riga by providing co-financing for business incubation and acceleration programmes. The budget for this programme in 2025 is EUR 170,000, with up to EUR 40,000 in co-financing available per applicant.
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Originally published on 4 Mar
GRAZ, MARCH 3, 2025. International technology group ANDRITZ has received an order for the authority engineering of a 100 MW green hydrogen plant in Rostock, Germany. The order was placed by REPCO (rostock EnergyPort cooperation GmbH), a joint venture of RWE Generation SE, EnBW Neue Energien GmbH, RheinEnergie AG and Rostock Port GmbH. Subject to the investment decision planned for mid-2025, REPCO intends to give ANDRITZ the notice to proceed with the supply of the plant. It will be one of the first plants in Germany to supply the German “Hydrogen Core Network” and the future European Hydrogen Backbone infrastructure, thus representing a key step in advancing Europe’s green energy transition.
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Originally published on 4 Mar
GaltTec, an Estonian deep-tech startup developing micro-tubular solid oxide fuel cells (mSOFCs) for portable and off-grid energy solutions, has successfully closed its pre-seed funding round, raising a total of €1 million from private investors and grants. The investment will accelerate the company’s mission to provide lightweight, long-lasting power solutions for drones and IoT devices, reducing reliance on conventional batteries. GaltTec was the only Estonian startup in the NATO DIANA Accelerator’s first batch.
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Originally published on 3 Mar
Last week, kood/Jõhvi JobFair brought together over 200 participants—young software developers, startup enthusiasts, film professionals, and technology sector leaders. One of the event’s highlights was the Film and Multimedia Accelerator panel, organized by the Tehnopol Startup Incubator, where experts discussed how IDA Hub is not just a film studio but a launchpad for technological innovation and startup growth.
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Originally published on 3 Mar
PAYSTRAX, a payment processing solutions provider, has announced further expansion of its Lithuanian operations. The company, which has successfully grown its presence in both Vilnius and Klaipėda, plans to strengthen its team across multiple departments in 2025, including Commercial, IT, and Finance.
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Originally published on 3 Mar
Tehnopol is part of the joint Northbound Scaleups (NBSCALE) project, which helps companies expand into new markets. The Estonian startup Phishbite went to visit Poland to look at possible target markets.
The goal was to meet at least five possible partners. “Making contacts was quite time-consuming and it was quite difficult to get through to the right people by telephone from here. The meetings we held went well, and we also managed to organise a couple of extra ones on the spot as well as those we had agreed in advance”, said co-founder of Phishbite Urmo Keskel.
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Originally published on 28 Feb
The Estonian Defence Industry Cluster today introduced the Baltic Drone Wall concept for the first time, which aims to strengthen the eastern border of the European Union and NATO. It is a cooperation initiative between Poland, Finland, Estonia, Latvia and Lithuania, which is currently joined by DefSecIntel Solutions, Rantelon, Marduk Technologies, Lendurai, Hevi Optronics, Frankenburg Technologies and TELEKONTA.
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Originally published on 28 Feb